Too many Americans are blissfully or blatantly unaware of the true nature of America’s economic condition. Americans can see the U.S. is hurting, but few know the root causes of our pain.
Americans are saddled with debt, both personal and national. However, many Americans do not feel the pain and economic destruction this debt is causing to its full extent. Our lifestyle is being temporarily supported by debt and imports. When the money from our creditor nations stops, so will the imports – we will become a bankrupt nation.
We have sold 16,613 of our best companies in just 30 years.
This means our wealth, our technology and our jobs have been moving to other nations, replacing high paying jobs with service sector jobs. With the absence of these companies we no longer have the means to provide for ourselves – we have sold off our self-sufficiency.